TheLalit Kala Akademiis India’s national academy of fine arts based in Delhi and established in 1954by Government of India to promote and propagate an understanding of Indian art, in and outside the country

LKA providesscholarships, fellow program, and sponsors and organizes exhibitions in India and overseas

4.Bangladeshi singer Shahnaz Rahmatullah passes away

Her professional experience began at the age of 11, as a playback singer of Notun Shur (1963), and appeared on television from 1964.

She was awarded the National Film Awards (best female singer) in 1990 and Ekushey Padak(in 1992).

5. Government notifies Drugs and Clinical Trials Rules 2019

TheUnion Health & Family Welfare Ministryhas notified the Drugs and Clinical Trials Rules, 2019 to promote clinical research in the country.

The new rules will change the regulatory landscape for the approval of new drugs and conduct of clinical trials in the country.

These rules will apply to all new drugs, investigational new drugs for human use, clinical trial, bioequivalence study and Ethics Committee.

It has reduced the time for approving applications to 30 days for drugs manufactured in India and 90 days for those developed outside the country.

The requirement of a local clinical trial may be waived for approval of a new drug if it is approved and marketed in any of the countries to be specified by the Drugs Controller General with the approval of the government.

The ethics committee will monitor the trials and decide on the amount of compensation in cases of adverse events.

8. Vice President to attend 16th Convocation of IGIDR in Mumbai today

The Institute focuses on research on developmental issues from a multi-disciplinary point of view.

Note:

Indira Gandhi Institute of Development Research, Mumbai is an autonomous advanced research institution established by the Reserve Bank of India (RBI) in 1987, on its golden jubilee.

The Governor of RBI is also the chairman of this institute.

9.RBI appoints a five-member committee to deepen digital payments

According to RBI Governor Mr. Shaktikanta Das, The Reserve bank of India (RBI) has appointed a5-member committeeunder the chairmanship ofNandan Nilekanito further deepen digital payments and enhance financial inclusion through Fintech.

The RBI has requested the committee to give recommendations in 3 months in this regard.

Mr. Das was speaking at the inaugural event of Financial Technology (Fintech) Conclave being organized by NITI Aayog in New Delhi.

The objective of the conclave is to shape India’s continued ascendancy in FinTech, build the narrative for future strategy and policy efforts, and to deliberate steps for comprehensive financial inclusion.

Financial technology, often shortened to Fintech, is computer programs and a new technology innovation that aims to compet with traditional financial methods in the delivery of financial services.

10. Naresh & Anita Goyal step down from Jet Airways Board

Jet Airways foundersNaresh Goyaland his wifeAnita Goyalhave stepped down from the board of the cash-strapped airline.

The board has accepted their resignations.

The board also approved the issue of 11.4 crore equity shares to the lenders upon conversion of Re 1 of the outstanding debt.

The board also approved the constitution of an Interim Management Committee to manage and monitor the daily operations and cash flow of the company.

Lenders will infuse up to Rs 1,500 crore via debt instruments.

Note:

Jet Airways is a major Indian international airline based in Mumbai.

Naresh Goyal and his wife Anita Goyal had founded Jet Airways in 1993.

11.Govindaraj re-elected BFI president

K. Govindaraj has been unanimously re-elected as the President of the Basketball Federation of India (BFI) at its annual general-body meeting.

A new six-team women’s league would be held inside the next three months.

Mr. Govindaraj has declared to give its proposal in the next 45 days and intend to have a zone-wise competition before the final round.

Note:

Basketball Federation of India (BFI) is the governing and controlling body of Basketball in India.

It is responsible for the development and promotion of the sport at all levels.

12.India Open badminton tournament begins at IGI Stadium New Delhi

Today, PV Sindhu will play against compatriot Mugdha Agrey at the 2019 India Open Super 500 Badminton tournament starting in New Delhi (from 26th – 31st March 2019).

The total prize money for this tournament is USD 350,000.

This marque tournament was previously held at the Siri Fort Sports Complex for the last seven years.

The 2019 India Open is a badminton tournament (eight- edition) which will take place at the Indira Gandhi Indoor Stadium New Delhi in India.

This tournament is organized by the Badminton Association of India with sanction from the BWF.

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